Cost Of Living Slightly Decreases In Lubbock - KCBD NewsChannel 11 Lubbock

11/30/05

Cost Of Living Slightly Decreases In Lubbock

For the first time in four months, the cost of living in Lubbock is decreasing.

The cost of living decreased .6% in October. The Lubbock Economic Development Alliance says a drop in gas prices is helping to stabilize the economy.

"I think the old days of getting gas for a dollar a gallon is over forever and so we're probably looking at maybe $1.75. That's probably where it will drift to and then stick there. It hurts but at least we can afford it, and its not $3 a gallon," L.E.D.A. CEO Gary Lawrence said.

Consumers, however, are paying more to heat their homes. Utility prices increased 8%.

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